Employment 23 January 2026 - 5 March 2026

South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
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South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play

South32 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring in 2031. Talks with Eskom include renewable power options with backup supply. The smelter supports thousands of jobs and consumes power continuously. South32’s Mozal plant in Mozambique shut in March after failing to secure affordable electricity.
May 10, 2026
Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions
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Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions

Morgan Stanley has cut about 2,500 jobs across all divisions, roughly 3% of its workforce, according to the Wall Street Journal. The layoffs began last week and peaked Wednesday. The bank did not immediately comment, and Reuters could not independently verify the report. Roles affected include private bankers, back-office staff, and some mortgage-related positions.
March 5, 2026
Ocado job cuts: 1,000 roles to go in £150m shake-up as shares slide
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Ocado job cuts: 1,000 roles to go in £150m shake-up as shares slide

Ocado will cut about 1,000 jobs, mainly in UK technology and support roles, to save £150 million and steady cash flow. The UK grocery joint venture with Marks & Spencer is unaffected. Shares dropped sharply after the announcement. Ocado reported a 59% rise in underlying earnings to £178 million but faces pressure after partner warehouse closures in North America.
February 26, 2026
CBA share price today: Commonwealth Bank stock edges up after A$90m AI plan as union flags 300 job cuts
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CBA share price today: Commonwealth Bank stock edges up after A$90m AI plan as union flags 300 job cuts

CBA shares closed up 0.1% at A$178.68 after announcing a A$90 million AI workforce program, as the Finance Sector Union said 300 jobs would be cut. Westpac rose 0.7% and ANZ gained 0.48%. Australia’s January inflation held at 3.8%, with markets pricing an 80% chance of a May rate hike. The S&P/ASX 200 ended at a record 9,128.30, up 1.17%.
February 25, 2026
Micron’s $24 billion Singapore chip bet: 1,600 jobs and NAND output pencilled in for 2028
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Micron’s $24 billion Singapore chip bet: 1,600 jobs and NAND output pencilled in for 2028

Micron will invest $24 billion to build a new NAND flash memory wafer fab in Singapore, with production set to begin in the second half of 2028 and about 1,600 jobs to be created. The facility will add 700,000 square feet of cleanroom space to Micron’s existing complex. Analysts warn tight memory supply may persist through 2027, despite increased output from Samsung and SK Hynix.
January 27, 2026
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